Nomination rights permit transfer to an individual non-resident nominee, subject to holding until redemption and non-repatriable proceeds. Nomination and cancellation under the Sovereign Gold Bond Scheme must use Form 'D' and Form 'E' as per the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may have the security transferred to his name upon the investor's death but must hold the security until redemption or maturity, and interest and maturity proceeds are non-repatriable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Nomination rights permit transfer to an individual non-resident nominee, subject to holding until redemption and non-repatriable proceeds.
Nomination and cancellation under the Sovereign Gold Bond Scheme must use Form 'D' and Form 'E' as per the Government Securities Act and Regulations. An individual Non-Resident Indian nominee may have the security transferred to his name upon the investor's death but must hold the security until redemption or maturity, and interest and maturity proceeds are non-repatriable.
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